The S&P 500 and Nasdaq Composite hit record highs on Monday as the Dow fell further from its own all-time high as growth stocks outperformed.

The Nasdaq climbed 0.98% while the S&P rose 0.23%. The Dow Jones, meanwhile, lost 151 points, or 0.44%.

Teleprinter security Last Switch Switch %
Me: DJI MEDIUM DOW JONES 34283.27 -150.57 -0.44%
SP500 S&P 500 4290.61 +9.91 + 0.23%
I: COMP NASDAQ COMPOSITE INDEX 14500.508147 +140.12 + 0.98%

The joint session came after President Biden said on Sunday he would sign the $ 953 billion infrastructure deal reached by a bipartisan group of senators if he arrived at his office without the separate reconciliation bill. supported by Democrats that would provide funding for human infrastructure.

In equities, large-cap tech stocks led the advance with Apple Inc., Amazon Inc. and Nvidia Corp. among the most efficient.

Teleprinter security Last Switch Switch %
AAPL APPLE INC. 134.78 +1.67 + 1.25%
AMZN AMAZON.COM, INC. 3,443.89 +42.43 + 1.25%
NVDA NVIDIA CORP. 799.40 +38.16 + 5.01%

Dow Component Boeing Co.’s 777X plane is unlikely to receive Federal Aviation Administration certification until mid-2023 at the earliest, the agency said on Sunday.

Teleprinter security Last Switch Switch %
BA THE BOEING CO. 240.04 -8.21 -3.31%
TSLA TESLA, INC. 688.72 +16.85 + 2.51%

Meanwhile, Tesla Inc. will “recall” 300,000 Model 3 and Y vehicles manufactured and imported in China to update its driver assistance software. Car owners will not be required to bring their vehicles to the dealership as upgrades can be done online.

The shares of Carnival Corp. have come under pressure after the cruise ship operator announced plans to sell up to $ 500 million in new common stock. Elsewhere in space, Royal Caribbean Cruises Ltd. said two passengers on his Adventure of the Seas ship tested positive for COVID-19. Rival Norwegian Cruise Line Holdings Ltd. fell in sympathy.

Teleprinter security Last Switch Switch %
CCL CARNIVAL CORP. 26.17 -1.93 -6.87%
RCL ROYAL CARABES GROUP 83.45 -5.75 -6.47%
NCLH NORWEGIAN CRUISE LINE HOLDINGS LTD. 29.14 -1.89 -6.09%

CRYPTOS REBOUND DESPITE BINANCE SNUB

Virgin Galactic Holdings Inc. continued to rise after gaining 39% on Friday after the company received regulatory approval to carry passengers into space.

Teleprinter security Last Switch Switch %
SPCE HOLDINGS VIRGIN GALACTIC INC. 54.90 -1.02 -1.82%

Crypto-related names including Coinbase Global Inc. and MicroStrategy Inc. rebounded as bitcoin exceeded $ 34,000 a coin.

Teleprinter security Last Switch Switch %
PIECE OF MONEY COINBASE GLOBAL, INC. 246.69 +22.15 + 9.86%
BITQ EXCHANGE TRADED CONCEPTS TRUSTED BITWISE CRYPTO INNOVATORS E 23.16 +1.16 + 5.25%

In commodities, West Texas Intermediate crude oil slipped $ 1.14 to $ 72.91 per barrel and gold climbed $ 3 to $ 1,779.60 per ounce.

Overseas markets were weaker.

In Europe, the French CAC 40 lost 0.98%, the British FTSE 100 lost 0.88% and the German DAX 30 lost 0.34%.

Asian markets were down slightly overall, with Hong Kong’s Hang Seng index losing 0.07%, Japan’s Nikkei 225 slipping 0.06% and China’s Shanghai composite 0.03%.


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